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Lethbridge Herald Newspaper Archives

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Lethbridge Herald, The (Newspaper) - December 1, 1970, Lethbridge, Alberta Market gains for 7th time TORONTO (CP) The To ronto Stock Exchange appeared headed for its seventh consecu live gaining session in mid- mbrning trading today. The major indexes were frac tionally higher at the opening and maintained their gains in morning trading. Shell rose 14 to Jockey Club 25 cents to and Stelco to Losing issues included Husky OH, down to Dome Pete to and Aquitaine Exchange computer problems delayed detailed quotes. UPWARD SWING MONTREAL (CP) The Montreal stock market contin- ued its upward swing in moder- ate trading today, registering gains in all sectors. On index, banks advanced 2.42 to 180.31, industrials .40 to utilities .40 to 147.39, pa- pers .60 to 84.60 and the com posite index .60 to 168.88. Volume to 11 a.m. ivas Retail grocers seek check TORONTO (CP) An organi- zation of independent grocers has asked Consumer Affairs minister Ron Basford to investi- gate price-war policies of the large supermarkets. The Cana- dian Federation of Retail Gro- cers says if the price war con- tinues a number of small and medium-sized stores will be forced to dose and the retail food business will be concen- trated into fewer hands. Calgary firm given contract TORONTO (CP) A Japa- nese trading group, Marubeni- lida, has signed a five-year con- tract for purchase of asbestos from Australian properties op- erated by subsidiaries of Pacific Asbestos Ltd., Calgary. President Russel H. Bullied told the annual shareholders meeting here the Japanese group will buy tons, esti- mated to cost more than million. Deliveries are to begin in 1972. Start drilling test on oil well Drilling operations started Monday on the Ashland Barons 13-27-10-16 well five miles northeast of Taber. The well, being drilled by Shelby Drilling, is a 50-50 ven- ture between Ashland and Bar- ons Oil, Lethbridge's only in- dependent oil and gas explora- tion company. It is expected to hit total depth of about feet in the Taber sand by Friday. Potato futures WINNIPEG (CP) The Maritime potato futures market was mostly inactive Monday. Open High Low Close March 2.60N April 2.80A May 3.15A FOR DAILY INSPIRATION Dial-A-Thought 327-4581 shares, compared with at the same time Monday. Distillers-Seagrams rose to Dofasco lo Walker-Gooderham to Moore Corp. to Hoya Bank to Toronto Do minion to and Hudson Bay Mining to Pacific Petroleum fell to Noratida to Hud son Bay Oil to and Inco Vi to STOCKS SLIP NEW YORK (AP) Stock prices slipped somewhat today but remained broadly higher for the eighth day in active trading after hitting near-record open ing trading levels. Tlie Dow average at one poin had been pushed almost to the 800 level for the first time since early in the year. At noon the Dow Jones aver- age of 30 industrial stocks was up 2.94 points to 797.03. Earlier it had been up more than 6 points. The New York Stock Ex- change tape ran late off and on 3J1 morning. The first-hour turn- over of 7.03 million shares be- came the third highest on record and the heaviest since April 30, 1969, when 7.28 million shares changed hands. Analysts attributed the rally to the continuing decline in in- terest rates and improved inves- tor psychology resulting from the Dow's breakthrough of its recovery high of 783, hit in early October. After Monday's close the Fed- eral Reserve Board announced a cut in the discount rate of a quarter-point to 5% per cent, the second such cut in three The discount rate is the rate the Federal Reserve charges member banks. At noon the Associated Press 60-stock average advanced 2 points to 272.9. NiTSE prices included Ten- neco, off at Goodyear, up at Texaco, up at and Gulf Oil, up at Distillers Seagrams jumped 1% points to Genstar Ltd. and Hudson Bay Mining were up at and respec- tively. Alcan tacked on 14 to Among Canadian issues on the American Stock Exchange, Jav- elin rose to and Jupiter Corp. Vn to Scurry Rainbow Oil fell to Hog prices EDMONTON (CP) Prices to 11 a.m. today provided by the Alberta Hog Producers Mar- keting Board: Edmonton: Quoted 23.75 to 24.05, selling 23.75, average Monday 24.35. Red Deer: Quoted 24.05, sell- ng 24.05, average Monday 24.17. Calgary: Quoted 24.15 to selling 24.35 average Mon- day 24.22 Lethbridge: No sales. Aver- age Monday 24.27. Lloydminster: No sales. Av- erage Monday 23.75. Grande Prairie: No sales Monday or to 11 a.m. Sow price 12.51. Hogs sold to II a.m., 782, Monday Provincial average 24.20. AT LETHBRIDGE Nine hundred twenty feeder rags sold Monday afternoon. All classes of weaner and feeder hogs met good demand. Weaners and light feeders steady. Heavy feeders over 100 Ibs. fully steady. Weaners 6-12 per head. Light eeders under 100 Ibs. 11.75 to .8 per head; heavy feeders 100 to 130 Ibs. 17 to 22.50; heavy feeders over 130 Ibs, 23 to 28.50. Time Limit For Receiving Petitions For Private Bills Take notice that Ihe lime for receiv- ing petitions for Private Bills at the next Session of the Legislative Asembly will ex- pire on Monday, the First day of February, 1971. W. H. MacDonald, Clerk of the legislative Assembly. Grain prices Winnipeg Grain WINNIPEG (CP) A volume of exporter buying In rapeseed continued well Into mid-session on life Winnipeg Grain Exchange today. Hedge offerings were fairly liberal and were well absorbed: There was good exporter buying in rye with some inter- month spreading. All rye fu- tures made fractional ad- vances. Flax had a fairly dull trade and oats and barley were only moderately active with some buying by domestic shippers. Monday's volume of trade was bushels of flax, of rapeseed and 000 of rye. Mid-session prices: Flax: Dec. lower May lower July un- changed 2.56. Rapeseed Vancouver: Jan. 7 higher 3.02B, March 4% higher 2.77V4B, May 2% higher 2.65BB. Rapeseed Thunder Bay: Dec. 2 higher 2.66, April, June not open. Oats: Dec. unchanged 87A, May Vs higher July not open. Barley: Dec. unchanged 1.28A, May Vs higher July not open. Rye: Dec. higher May Vz higher July "4 higher Grain quotes Monday (basis High Low Closa Flax Dec May 256% 255 Jly 2571-4 256 Rapeseed Vancouver Nov 337 325 Jan 307 295 Mar 279% 272% May 268% 263 Rapeseed Thunder Bay Dec Apr June Oats Dec May Jly Barley Dec May Jly Rye Dec l May Jly 268 273% 87 87% 114 116% 264 272 87% 104% 112% 113% 245Vi 255 256 337 295 272% 263 264 272 270% 87 87% 128 128% 128% 106% 112% 11514 Livestock Lethbridge Livestock Lethbridge Livestock (Supplied by Canada Department of Agriculture) On offer to 11 a.m. 240 cattle and calves. Slaughter trade active. Early sales were mostly good and choice butcher steers selling ully strong at prices 75 cents righer than last week's close. V few choice butcher heifers iold at steady prices. Slaughter :ows were scarce with early ales selling steady with last veek. Choice steers 30 to 30.80; ;ood 29 to 30; medium 28 to 29. Choice heifers 28 to 28.60. Good cows 20 to 21. No feeder cattle sold to 11 .m. Butcher hogs sold Monday ,o.b. Lethbridge 24.10 to 24.45 ase price. Miscellaneous quotations Vancouver, Calgary, Montreal (Supplied by Doherty, Roodhouso and MeCuaig) a.m. Quotes) WESTERN OILS LAST BID OH SALE a.m. Quotes) t.m. Owms) 6.00 15.50 13.50 5.JO 5.15 4.40 V.25 7.M Calgary livestock CALGARY (OF) On offer o II a.m., about 800 head; slaughter steers and Trade was active. Slaughter steers were steady rith heavy kinds dieounted; leifers were steady along with cows but bulls were lower. Choice slaughter steers 30.25 0 30.90, good 29 to 30, medium 27.50 to 28.75. Choice heifers ,8.25 to 28.90, good 27.50 to 28.25, medium 26.50 to 27.25. Good cows 21 lo 21.50, me- dium 19.50 to 20.50, canners and cutters 14 to 19. Good bulls 1 to 24. Insufficient replacement cat- le or stock calves offered to establish a market. Hogs base price 24.35. Picketed firm ;cls injunction CALGARY (CP) Western Messenger and Transfer Ltd, was granted ail injunction Mon- lay prohibiting picketing of its warehouse by employees on strike against Alberta-National Drug Co. Ltd. Chief Justice J. V. H. Milvain of the Alberta Supreme Court niled picket lines at the ware- i o u s e constituted secondary )icketing, a practice that is il- ,ogal under the labor act. The employees, members of Local 930 of the Retail, Whole- alo and Department Store Union, went on strike three nonUis ago over n wage dis- pute. Almlhex Asamera Bant! BP Oil Gai Can South Cdn Ex Gni Ashland Cdn Homestd Cdn Ind Cos Oil 11.50 Cdn Long Is Cdn Super Cen Del Rio Charter en id ran Dynamic Gt Plains Mill City New Cent North Cdn Oil Numoc Pcrmo Petrol Pinnacle Place Gas Ponder Ranger Scurry Rain ipooner W. Deceits MISCELLANEOUS INDUSTRIALS Atco Ind 9.37% Aquataine 25.50 Brit Nfld 4.90 Cdn Brew A Pfd 30.12% Cdn Hydro Car 15.12% Cdn Pacific Inv 23.62% CPR Pfd 9.25 Crows Nest Ind Cygnus A Cygnus B Cum Prop Gt Cdn Oil 5 Home A Home B Home Pit Hud Bay Co Hud Bay OH 1.35 30.00 1.91 .98 6.65 1.41 1.00 1.26 .67 KOO 23.25 2.57 6.30 5.50 6.25 13.75 3. BO 27.50 27.50 Inter Prov Intt Utlt Pfd Inter Steel Jefferson Lako J out el Kaiser Res Kam Kotia L Ont Port Cem MGF Monaga Newconex Pacific Peta Rank Org Shell Inv Shell tnv Pfd StieM Inv wts Sicks Rainier West Cdn Seed White Yukon CALGARY Acroll 13.75 Corp Inv S P X.39 4.80 3100 Dreyfus F U.S. 10.79 11.82 7.37W Gr Equity 5.75 6.35 9.12 1.05 6.50 1.03 2.10 1.50 6.00 3.S5 16.50 1.23 in Sharei 3.W 3.34 Ana Pete Barons OH -03 North Cont .03 Plains Pets West Warner -4f Madison .28 Rexdale .ID PIPELINE STOCKS Invest Gi Invest Mutual tOS Vent Mutual Ac P Mutual Gr P nnuiual In Nat Res N W Gr N W Equity Principal Gr Prov Mutual Royfund United Ac UniVcisal Sov VANCOUVE Anuk Arctic Mlnlno Atlo.s Explor Beth Copper Somite Rldgt Block Broi Brcnda B.C. Sugar Capt Infer Churchill Copper 9.B8 10.80 4.92 5.38 3.33 3.64 4.73 5.00 4.09 4.50 4.55 5.00 6.97 7.62 4.42 4.86 4.81 5.29 3.61 3.97 6.24 6.62 4.96 5.13 4.27 4.69 6.53 7.13 'ER .19 .17 .60 13.75 .11 3.40 7.25 'i o.UO 4.30 1.10 1.GO Amr 14.97V2 Cdn Gr 38.00 Cdn Invest F Hud Bay OH Pfd Col Mutual Hugh Russell Pfd 20.50 Cmnw Inter Husky Oil 14.12VJ cmnw Lev Husky Oil War 7.40 Corp Invest Alta Gas Tr L A 49.37% Crestbrook F Ind 4.25 Alta Gas Tr L P 75.00 Croyden Alta Gas (Nat) 23.00 Dolly VardM .37 Inland Nat Gas pynasty 5.75 N and C 14.62% Endako 13.00 N and C B Pfd 29.00 Giant Mascot 4.00 Gaz Metro 470 Granlsla iv.sv Tr Cdn Pipe 34.00 Key Indust _-30 Tr Cdn P Pfd 41.50 Hy's Tr Cdn Pipe Pfd 62.00 Interior Brew Tr Cdn P War 11.SO Jericho V.eslcoast- Tr 20.75 Kamloops Copper Western Pacific 4.75 Lornex MUTUAL FUNDS Madrono AGF Special 2.32 New Cronln All Cdn Com 6.77 7.40 New Imp Mines Ail Cdn Divid 8.48 Okanagan Helicop Vent 3.25 3.55 Primer Gr F 5.14 Pyramid 5.15 5.66 Silver Stand 4.25 4.66 Trojan 5.46 6.00 Western Mines 11.28 12.'J6 Westcoast Res 2.81 3.03 Western Explor 4.99 5.4fi Utlca Toronto mines, industrials Supplied by Richardson Securities of Canada a.m. Quotes) LAST BID OR SALE a.m. QUOTES) a.m. Quotes) INDUSTRIALS Abltlb Alcan Algoma Sleel Atco Ind Atlan Sugar Bell Tel Brazil Trac B.C. Tel Burns B.C. Forest B.C. Sugar CAE Inrf Cfjn Brew Chemcell Col Cellulose Cal Power Coron Credit CWH Gas Cdn IncJust Canada S 5 Cdn Marconi Cdn Vlckers Chrysler CPR Comlnco Cons Bath Cons Gas Dlst Sea Dom Bridgs Domtar Dom Textile Dom Stores Dome Dofasco Fam Play Fd of Amer Gt Cdn Oil Gen Motors Gt Lakes Pap Gulf Oil Cda Greyhound Hawker Sid Huron, Erie Hiram Walk Imperial Oil Imperial Tob Int Nickef Int Pipe Inv Gp A Int Utilities Indusf Accept La went ids Kelly Doug A Loblaw A 7.33 32.00 13.50 9.50 7.62% 45.75 15.37V2 61.00 7.75 33.50 lfi.00 4.15 5.25 2fi.25 1.30 11.25 9.87% 3.7d 9.WV4 59.00 6fl.OO 21.8714 9.00 B.87Vi 0.00 7.50 487% 2.50 8.87% 79.13% 22.75 9.75 50.00 3.80 77.50 17.00 12.75 2.0S 17.75 39.37% 19.75 .50 .50 .62% .B7 Vi .00 85 .90 .90 Metro Stores Massey Ferg McMillan BloB Moore Corp Mofsons A Molsons B North, Cent Pemblna Pp Power Corp Price Co Rofnmans St Law Corp Shell CDA Simpson's Simp Sears Stec! of Con Selkirk A Texaco fio A Tran.i Mtn Hp Trai Can Pp Unlc.i Gas Union Oil Versatile Mfg westeel Union Car WesIon's B Woodward's A Zenith Elec BANK" Can Imperial Montreal Nova Scotia Royal Tor-Dom MINGS AcmB Advocate Asb. Akaitcho Area Mines Belcher Iron Black Bay Bralorne Broulan Belhlehem Brunswick Canada Tung. Casslar Ceriire.1 Poi Chlmo Conwest Cons. Rambler Coin Lake Cochenour Craigmonf DIckenson Mines Denlson Mines Deer Horn 27.00 D'Eldona 9.62% Dome MInei 24.00 Donalds 32.00 Discovery 14 62% East Malartlc 105 Giant Y.K. 14 75 Headway R.L. 2.100 Hollinqer 4 70 Hud. Bay M-5 Hydra Ex. Highland Bell Iron Bay ISO Joltet Quebec Korr Addlson Key An'acon Labrador Lake Snort Lcitch Langis Silver Wladsen R.L. Malartlc G.F. Martin McNeely Maybrun 19.00 31.75 16.75 55.25 10.00 27.75 L 19.00 34.00 15.25 40.00 3.30 90.00 1.30 .24 1.25 1.40 9.00 36.00 18.25 .19% 2.85 3.10 1.90 .22 10.50 .27 33.50 3.25 1.65 .09% 1.10 .72 .BO 12.00 New Calumet 20.87'A New Imperial 15.87% Noranda 20.87% Northgata 23.25 Opemiska 19.87% Oslsko .07 2.15 .50 1.50 Patir Pine Point Placer Dev. P.C. Exp. Quebec Mm .43VS Rayrock .07 Radlore 1.55 Rio Algom .23% Roman Corp. 13.62% Silverfields 4.35 Sherrltt Gordon Silver Miller Steep Rock Slscoe Tek Corp. Texmont Upper Canada Western Mines Wright Har. WSIlroy Windfall Yellowknlft Br. Zenmac 2.10 23.75 2.60 1.45 8.90 1.24 33.00 10.00 .12 .26% 2.35 28.37% 8.95 9.60 .36 50.50 31.00 27.75 .69 .26 Vlfi .28% 17.00 6.15 2.00 15.00 .07 5.10 3.40 1.26 1.30 .13 5.15 .10 New York stocks Supplied by Richardson, Securities ot Canada Amr I and T Anaconda Bth Steel Chrysler Comsat Duponf General Motors Gulf Int Harvester Kenn Copper 46.12% muniSuffiery" Ward 32.00 52.00 sears 75.53 20.87% Sid Oil of HJ. 72-7-- 58.75 Texas Gulf 50J7% Texas Co 34.00 122.50 Woolworth 3J.SO 77.00 WestiJiqhouiB Elec 65.25 30.62% U.S. Steel 29.00 27JO TORONTO AVERAGES 37.00 20 IndUSt 169.63 Up .86 IS 1SS.75 rff 10 Base Met 91.03 up .03 15 W Oils 194.49 off 3.79 Volume NEW YORK AVERAGE: 30 Indust 797.03 up 2.94 20 Rails 15J.62 up 1.26 15 Utilities 116.53 up .76 65 Stocks 256.03 up -.37 Volume Y Finally. A ski Everybody knows that Banff is great for skiers. But now tha Banff Springs is open all winter. Which makes Banff great (or skaters, swimmers, tobogganners, snowmobilers, party lovers. You. Packages for skiers start at for 2 days all inclusive MAP. And winter fun for everyone starts with a call to your travel agent or CP Hotels Reservation Office. Make it INCLUDE SINGING Approximately 80 per cent of :nited States high schools have choral programs. HOTEL BANFF, ALBERTA CP Hatch n Organization to tackle problems PEACE RIVER now organization, the Whole Life Foundation, has been formed to ease social ami psj'Chological problems in the Peace River district. Chuck Collett of High Prairie, president of the foundation, said here the organization's first project will be to establish a receiving, assessment and treat- ment centre in the High Prairie area. He said the centre would be a place where social workers could bring wayward children. Tt have facilities for treating emotionally disturbed children and a detention area for holding delinquents for short periods. Mr. Collett said the centre's unique aspect would be its con- centration on community ther- apy. Problems will be treated by people in the comminty with community funds. Children taken ta the centre would be encouraged to take part in com- munity activities. Financing of the centre would be done through community do- nations and provincial govern-1 ment assistance, if the project i House seats will be effective proves to be assisting commun- with the 93rd Congress which ity development, he said. I convents in January, 1973. Tuotdoy, Decemlior 1, 1970 THE lETHBRIDGR HEIiAlD 13 Population gain helps California WASHINGTON (AP) The United States Census Bureau, releasing final figures on tho 1970 census, said Monday the total U.S. population as of last April 1 was The figure includes U.S. serv- icemen stationed abroad and federal employees overseas. In I960 the figure was As a result of the new census, California will gain five seats in the House of Reprp.sentativcs. Representation in the House is based on population. The bureau said the five-seat gain by California will move it into the lead in House represen- tation, with 43 members. New York will lose two seats as a result of the census, 'drop- ping it to second place with 39 representatives. Also gaining seats are Flor- ida, three; and Arizona, Colo- rado, and Texas, one each. Pennsylvania will lose two seats and Alabama, Iowa, North Dakota, Ohio, Tennessee, West Virginia and Wisconsin one each. The new apportionment of The bureau said California gained 4.2 million in population in the last decade, Hie largest of any state. Florida gained 1.8 million and Texas 1.6 million. The bureau said the 1970 resi- dent population, excluding U.S. servicemen abroad, was In 1960, the resident total was Building permits alue up No chance for investors in tax change proposals EDMONTON (CP) Walt Bannister, a vice president of Inland Cement for eight j'ears, says he is moving to Argentina partly because of Canada's pro- posed taxation changes. Mr. Bannister, who will be- come vice-president and gener- al manager of Compania Ar- gentina De Cemento Portland, said if the Canadian govern- ment doesn't give investors "a chance to gamble with a chance of they will take their money elsewhere. "They (government) seem under the impression that if they change the fiscal policy things will go back the way they were." He said it doesn't work that way and cited Inland's opera- tion in Regtaa. The Regina plant is spending "a couple of hundred thousand dollars" to increase efficiency but one man will be able to do the work of 20 and 19 people will be out of work. Mr. Bannister said the white paper on tax change proposals has been altered but "it's lika the judge cutting it from 60 days to 30." CALGARY (CP) Permits for buildings valued at S34 mil- lion issued during Novem- ber compared with permits worth million in November of 1969. The total value of permits ap- proved by the planning depart- ment this year reached by Monday, only 266 less than in the first 11 months last year. The chief reason for the In- crease was approval of the million first stage of the new campus of Mount Royal College. The city also approved Hires public housing high risa schemes and 288 single-family dwellings as well as apartments and office buildings. Beef futures WINNIPEG (CP) Trading was mostly inactive in the Winnipeg live beef futures market Monday with bids and offers in the March and May futures at current levels. Open High Low Close Jan 30.75N March S0.70A May S0.50N GM recalls six-cylinder auto models DETROIT (AP) General Motors Corp. said here it is asking owners of about six-cylinder 1971 model autos to bring them into their dealers for replacement of a carburetor throttle rod and retainer clip, may be defective. GM said the retainer clip may ba misaligned, which would al- low it to contact the throttle lever and put it in partially opened position. This could make difficulties in slowing or stopping the car, GM said. GM said if this should happen, the car should be shifted into netural and be brought to a complete stop. The cars involved are Chevro- lels, Camaros, Kbvas, Cheve- elles, El Caminos. Pontiac Le- Mans and Firebirds, F-S5 Olds- mobiles and Buick Specials. Drug importer remanded in police custody i TORONTO (CP) A French citizen charged with importing I narcotics, after police seized j heroin worth up to million on the illicit market, was re- manded in custody to Wednes- day when he appeared In pro- vincial court Monday. Christian Jean Ambrogio, 26, of Nice was arrested Sunday on his arrival at Toronto Interna- tional Airport on an Air Canada flight from Frankfurt, West Germany. RCMP and Metropolitan To- ronto drug squad officers seized about 25 pounds of heroin hid- den in the false bottoms of two suitcases. The drugs were dis- covered by customs Inspector Emil Fodor. It was the largest siezure heroin in Canada since July, 1969. when 30 pounds was seized at Halifax. ART DIETRICH DENTURE CLINIC Certified Dental Mechanic Metropolitan Bldg. 328-4095 LETHBRIDGE: 613 4th Ave. S. Telephone 328-4214 ;